As I read through chat forums full of Forex traders describing their trading methods, it strikes me that it is extremely common to attempt to gain control over the trading process by adopting targets for just about every variable...
GBP/USD is correcting losses and trading above the 1.2000 zone. USD/CAD is struggling to clear the 1.3650 resistance zone. Important Takeaways for GBP/USD and USD/CAD · The British Pound started a decent recovery wave above the 1.2000 resistance zone...
EUR/USD: Pause in the 1.0600 Zone ● On Thursday, March 02, the DXY dollar index broke again through the bar at 105.00 points but could not stay there. As usual, the dollar was supported by an increase in US government bond yields...
Day trading is all about watching chart all the day and sometimes on night too, A day trader executes multiple trades in a day and tries to make profit using leverage provided by broker. In Crypto broker provides upto 200x leverage while in Forex, broker allows unlimited leverage...
Although it may sound counter-intuitive, typical use of Forex indicators can actually cause an inexperienced trader to lose money, rather than make money...
Gold has been considered a safe haven asset for centuries, and its price is influenced by a wide range of factors. News about the economy, politics, and international relations can all impact the demand for gold and, in turn, its price...
EUR/USD is correcting higher from the 1.0520 zone. USD/JPY is also rising and might rally further above the 137.00 resistance. Important Takeaways for EUR/USD and USD/JPY · The Euro started an upside correction above the 1.0550 resistance zone...
RSI (Relative Strength Index) is one of the most popular technical indicators used in trading. It was developed by J. Welles Wilder in the late 1970s and is widely used to identify overbought and oversold conditions in the market...
On March 1 of this year, broker company NordFX launched another Mega Super Lottery for its clients. The lottery will run until the end of 2023 and will offer a variety of cash prizes ranging from $250 to $5000, with a total prize pool of $100,000...
Many Forex traders, especially new Forex traders, can feel lost and confused in the market. They feel they can make money but they find it hard to achieve this with any kind of consistency...
The Relative Strength Index (RSI) is a popular technical analysis indicator used to measure the strength and momentum of price movements in financial markets. Developed by J...
The 1 minute scalping indicator is a popular tool used by traders to execute trades quickly and efficiently. This indicator is particularly useful for traders who are looking to make short-term profits from the market...
MetaTrader is one of the most popular trading platforms used by traders all over the world. It is a powerful and reliable platform that has gained popularity over the years due to its features and capabilities...
Scalping trading is a popular strategy among traders looking to make quick profits in the financial markets. This approach involves making many trades over short periods, with the goal of capturing small price movements...
GBP/USD started a fresh decline below the 1.2200 support zone. EUR/GBP is rising and trading above the 0.8920 support zone. Important Takeaways for GBP/USD and EUR/GBP · The British Pound started a fresh decline from the 1.2150 resistance against the US Dollar...
Forex trading can be a lucrative venture, but it requires knowledge, skill, and strategy. One popular strategy is trading with resistance lines, which are levels where the price of an asset has previously struggled to go beyond...
This tutorial applies to the EA 'Multisymbol EA' for MT5 whose product page is accessible by clicking on the image below: This EA uses strategies that have worked well since 2020 on the following symbols: GBPUSD AUDUSD EURJPY CADCHF GBPNZD NZDUSD GBPCHF The Multisymbol EA is based on price action...
EUR/USD: FOMC Protocol Strengthens the Dollar ● Macroeconomic statistics in both the US and the Eurozone look mixed. In both regions, inflation is slowing down (which is good), but GDP growth is also decreasing (which is bad for the economy...
